PMET Resources Inc. · TSX:PMET
PMET Resources — Patriot Battery Metals — Investor Presentation (February 2025)
41 slides from PMET Resources's investor presentation, Feb 13, 2025
Slide 1: North America's Next Lithium Powerhouse
For personal use only NORTH AMERICA’S NEXT LITHIUM POWERHOUSE February 2025
Slide 2: Important Information: Cautionary Statements
IMPORTANT INFORMATION This presentation has been prepared by Patriot Battery Metals Inc (Company) and is authorised for funding options. Given the uncertainties involved, investors should not make any investment decisions outputs; foreign exchange rates; taxation levels; the timely receipt of necess
Slide 3: Important Information: Qualified/Competent Persons
IMPORTANT INFORMATION QUALIFIED/COMPETENT PERSONS Mr. Latulippe, Mr. Piciacchia, Mr. Ghouralal, Mr. Cunningham, and Mr. McCraken have The Exploration Target has been completed by BBA Engineering Ltd. (“BBA”), a sufficient experience relevant to the style of mineralization and type of deposit under c
Slide 4: Important Information: Non-IFRS and Other Financial Measures
IMPORTANT INFORMATION NON-IFRS AND OTHER FINANCIAL MEASURES (FOB Bécancour) divided by anticipated production expressed in tonnes. These measures capture the important components of the Company’s This presentation includes non-IFRS financial measures and non-IFRS financial anticipated production and
Slide 5: Strategic Partnership with VW/PowerCo
For personal use only 1 Strategic Partnership with VW/PowerCo
Slide 6: Highlights
Highlights For personal use only ~C$69m1 strategic First direct investment in a Binding Offtake Term Sheet with Strategic Investment, investment to fund lithium mining company by PowerCo SE (“PowerCo”), a Offtake and Strategic exploration, development Volkswagen Group subsidiary of Volkswagen, for 1
Slide 7: Strategic Rationale
Strategic Rationale For personal use only Strategic investment at a premium – underscores confidence in the size, quality, & strategic importance of the Shaakichiuwaanaan Project to the North American and European battery supply chains ~C$69m1 proceeds will predominantly be used to complete the FS
Slide 8: ~C$69M Strategic Investment by Volkswagen
~C$69M 1 STRATEGIC INVESTMENT BY VOLKSWAGEN Overview of Strategic Investment For personal use only • ~C$69m1 to acquire 15,557,500 common shares, representing 9.9% of Patriot’s issued and outstanding common shares on a pro forma non diluted basis. Subscription • Issue price of C$4.42 per share repre
Slide 9: Offtake with PowerCo
OFFTAKE WITH POWERCO Overview of Offtake For personal use only • Binding Offtake Term Sheet with Volkswagen’s 100% owned, vertically integrated battery manufacturer, PowerCo. • Offtake: 100ktpa of spodumene concentrate (representing ~25% of estimated Stage 1 production & ~12.5% of estimated Stage 1+
Slide 10: Tier 1 Offtake Partner Secured
Tier 1 Offtake Partner Secured For personal use only Anticipated Spodumene Production (kt SC5.5 target) 100ktpa offtake volumes Remaining volumes • Vertically integrated battery manufacturer and 100% owned subsidiary of Volkswagen - largest European based car manufacturer and leader in EV sales 900
Slide 11: Shaakichiuwaanaan Project
For personal use only 2 Shaakichiuwaanaan Project 11 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA PMET
Slide 12: Largest Lithium Pegmatite Resource in the Americas
SHAAKICHIUWAANAAN – INVESTMENT HIGHLIGHTS Largest Lithium Pegmatite Resource in the Americas For personal use only Lithium Pegmatite Mineral Resource by Grade and Tonnage 1.80% Production Development PMET 1.60% Shaakichiuwaanaan PAK + Spark Grota do Cirilo 1.40% Separation Rapids Bandeira Whabouchi
Slide 13: 2025 Winter Drill Program
SHAAKICHIUWAANAAN PROJECT 2025 Winter Drill Program Winter drilling began in late January and targets For personal use only 15,000m until April with three primary objectives.1 • Extend the high-grade Vega Zone (CV13 Pegmatite) westward along an interpreted structural corridor toward the CV12 Pegma
Slide 14: 2024 Drill Campaign
SHAAKICHIUWAANAAN PROJECT 2024 Drill Campaign Summer – Fall drilling began in June and was For personal use only completed in mid Oct – total of ~65,400 m drilled1 • Continued infill at CV5 to support conversion of Inferred to Indicated classification to underpin Feasibility Study • Geotechnical,
Slide 15: High-Grade Discovery at CV13 — Vega Zone
SHAAKICHIUWAANAAN — GEOLOGY/RESOURCES High-Grade Discovery at CV13 — Vega Zone1 For personal use only • New high-grade spodumene pegmatite zone discovered at CV13: • 34.4 m at 2.90% Li2O, including 21.9 m at 3.58% Li2O (CV24-470), discovery hole. • 51.7 m at 1.77% Li2O, including 9.7 m at 5.16% Li2O
Slide 16: Exploration Target
SHAAKICHIUWAANAAN — GEOLOGY/RESOURCES Exploration Target 1 For personal use only • Significant Exploration Target outlines the potential for additional tonnage at the Shaakichiuwaanaan Property. • 146 to 231 Mt at 1.0 to 1.5% Li2O. The potential quantity and grade of the Exploration Target are conce
Slide 17: UG — High-grade Mining Potential
SHAAKICHIUWAANAAN PROJECT UG — High-grade Mining Potential For personal use only • Selectively targeting high-grade mining areas has the CV5 Side View Highlighting the High-Grade Nova Zone potential to reduce costs during periods of lower lithium pricing, improving optionality of the mine. • While a
Slide 18: UG — High-grade Mining Potential
SHAAKICHIUWAANAAN PROJECT UG — High-grade Mining Potential Diluted Recovered U/G Mineral Resource Per Grade Bin For personal use only • Mining and processing a higher grade has the effect of increasing Avg. Grade per Grade Bins Tonnes per Cumulative Cumulative the ‘yield-to-product’ derived from pro
Slide 19: Feasibility Study
SHAAKICHIUWAANAAN PROJECT Feasibility Study For personal use only • Feasibility Study well underway. • Trade-off studies targeting earlier access to the Nova Zone. • Evaluating mining approach/sequence. • Targeting completion Sept Qtr 2025. • Simple DMS-only processing plant. 2 • Average LOM recover
Slide 20: PEA Highlights
SHAAKICHIUWAANAAN – PEA HIGHLIGHTS PEA Highlights For personal use only After-Tax NPV8% Real After-Tax IRR Stage 1 Net Capex Payback Period C$2.9 Billion 34% C$640 Million 2 3.6 Years (US$2.2 Billion) (US$487 Million) Estimated break-even spodumene 1 US$1,375/t (SC5.5 FOB Bécancour) price (SC6) of U
Slide 21: Cree Engagement
Cree Engagement For personal use only • Recent site celebrations/ceremony and feast. • Approximately 40 community members, including the Tallyman and his family. • The entire site team. • Camp Shaakichiuwaanaan • The name means climbing a hill or a mountain. • As chosen by the Tallyman, his family a
Slide 22: ESIA Approach: Baseline Data Collection
ESIA APPROACH Baseline Data Collection Timeline 2022 2023 2024 2025 For personal use only Activity Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Baseline Studies Completed Completed Underway To come Biophysical Geochemistry (phase 1; phase 2 – kinetic testing) Soils Hydrology and bathymetry Surfac
Slide 23: Mining Approval Process
SHAAKICHIUWAANAAN PROJECT Mining Approval Process For personal use only Project Description Environmental Impact Assessment Report COMEV / COMEX Deliberation Examples from ESIA submittal to authorization Project guidelines Baseline Data collection (nearly complete) Alternatives Assessment St
Slide 24: Market / Industry Commentary
For personal use only 3 Market / Industry Commentary
Slide 25: Lithium Market Commentary: Cutting into the Cost Curve
SHAAKICHIUWAANAAN — LITHIUM MARKET COMMENTARY Cutting into the Cost Curve For personal use only • Current pricing is not high enough to incentivise the new required production. • Supply cuts are happening with current producing mines going into C&M or projects being delayed. Source: Morgan Stanley “
Slide 26: Lithium Market Commentary: Cutting into the Cost Curve
SHAAKICHIUWAANAAN — LITHIUM MARKET COMMENTARY Cutting into the Cost Curve For personal use only “We’ve introduced an all-in cost to 1,800 Growth Capex capture growth capex. On an AISC basis, 1,600 Freight / Royalties / the largest and highest grade spodumene 1,400 Sustaining Capex C1 FOB mine global
Slide 27: Western Supply Chain Development
MARKET / INDUSTRY COMMENTARY Western Supply Chain Development For personal use only Chinese dominance of New Energy industries is becoming increasingly clear, with its leading position in the lithium-ion supply chain (from value-added chemicals to cells / cars) growing Geopolitical risk is escal
Slide 28: North American Downstream Landscape
MARKET / INDUSTRY COMMENTARY North American Downstream Landscape For personal use only Gigafactory Cathode Active Material/precursor Cathode Active Material (CAM/pCAM) plants 28 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA PMET
Slide 29: Demand Growth
For personal use only 4 Demand Growth
Slide 30: Demand at a Tipping Point
SHAAKICHIUWAANAAN — MARKET COMMENTARY Demand at a Tipping Point For personal use only • Chinese dominance of New Energy industries is becoming increasingly clear, with its leading position in the lithium- ion supply chain growing. • Lithium Iron Phosphate (LFP) cells in China are now at a very price
Slide 31: Demand at a Tipping Point
SHAAKICHIUWAANAAN — MARKET COMMENTARY Demand at a Tipping Point For personal use only Battery margins are being squeezed EVs Pass a Key Measure of Price Parity in US China sell spot prices and manufacturing costs Several 300-mile range EVs now cost less than the average new car 125 100 100 $/Kilowat
Slide 32: Demand at a Tipping Point
SHAAKICHIUWAANAAN — MARKET COMMENTARY Demand at a Tipping Point For personal use only • ESS installation has grown by 51% YoY in the first three quarters of 2024 (and up 15% QoQ), reaching more than 127 GWh. This is enabled due to lower LFP cell costs. • US and Canada are expected to grow at 84% YoY
Slide 33: Corporate Snapshot
For personal use only 5 Corporate Snapshot
Slide 34: Exploration, Resource Growth, and Project Delivery
Exploration, Resource Growth, and Project Delivery For personal use only Continue to Drill Exploration/ Community Develop CV5 Development • Extend CV5 eastward to CV4 and • Detailed surface mapping at CV5 • Build and enhance relationships Upgraded CV5 mineral westward to CV13 and CV13 to refine geol
Slide 35: Proven Management Team with a Track Record of Value Creation
PROVEN MANAGEMENT TEAM WITH A TRACK RECORD OF VALUE CREATION For personal use only Ken Brindsen Natacha Garoute Alex Eastwood Darren L. Smith Alix Drapack Greg Barfoot Olivier B.Eng. (Mining), CPA, LLB BEc, LLB M.Sc., P.Geo. P.Eng., MBA, ICD.D M.Eng., MBA MAUSIMM, MAICD Executive Vice President, Exe
Slide 36: Thank you
For personal use only Thank you PATRIOT BATTERY METALS +1 (604) 279 8709 [email protected] patriotbatterymetals.com 36 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA PMET
Slide 37: Appendix
For personal use only Appendix
Slide 38: Future Infrastructure
SHAAKICHIUWAANAAN – MINING, PROCESSING AND INFRASTRUCTURE Future Infrastructure For personal use only • Power – Low-carbon footprint, low-cost and mainly renewable electricity sourced from Hydro-Québec – The electrical substation will be located at approximately 55 km south of the Hydro-Québec’s 315
Slide 39: Infrastructure Upside, La Grande Alliance
SHAAKICHIUWAANAAN – MINING, PROCESSING AND INFRASTRUCTURE Infrastructure Upside, La Grande Alliance For personal use only • Road between Renard Mine and the Trans-Taiga1 – During Years 6-15 of LGA plan, a proposed road extension between the Renard Mine and the Trans-Taiga Road is envisioned – This k
Slide 40: CV5 and CV13 Pegmatites Mineral Resource Statement
CV5 AND CV13 PEGMATITES Mineral Resource Statement For personal use only Li2O Ta2O5 Contained Li2O Contained LCE Pegmatite Classification Tonnes (%) (ppm) (Mt) (Mt) Indicated 80,130,000 1.44 163 1.15 2.85 CV5 & CV13 Inferred 62,470,000 1.31 147 0.82 2.03 • Mineral Resources were prepared in accordan
Slide 41: Peer Comparison Information – Lithium Pegmatite Mineral Resources (Americas)
P E E R COMPARISON INFORMATION – LITHIUM PEGMATITE MINERAL RESOURCES (AMERICAS) Mineral Resources Company Project Stage Measured Indicated Inferred Information Source(s) Mt %Li2O Mt %Li2O Mt %Li2O Patriot Battery Metals Inc. Shaakichiuwaanaan Development – – 80.1 1.4% 62.5 1.3% TSX announcement date
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